When it comes to used-car prices, the sky might not be falling after all, if indications from a Manheim report bear out.  The auction company’s index measuring used-car prices increased for the first time all year, and the used retail market buzzes along at a solid clip. The Manheim Used Vehicle Value Index came in […] [Read More]

Autotrader’s list of the top certified pre-owned deals available this May recognizes BMW, Chevrolet, Volkswagen and Volvo for extending types of deals often reserved for buying new. “Shopping CPO is ideal for price-conscious car shoppers that do not want to sacrifice quality over a good deal,” Autotrader executive editor Brian Moody said in a news […] [Read More]

In Episode 2 of the Auto Remarketing Podcast, co-host Nick Zulovich joins Joe Overby to chat about his three trips in five weeks to cover automotive finance and compliance events. Plus, Nick and Joe talk Carvana, used-car standalone stores and the “political theater” of the CFPB. Also, if you would be so kind, please complete our […] [Read More]

VenueVision Media Systems announced that it recently introduced its latest mobile solution, Mobile Cashier, to Key West Ford and Kia West in British Columbia.  The express e-payment solution aims to make checkout at the dealership speedy, it sends dealer-branded notifications to customers when their repairs are done and lets customers pay directly from their mobile […] [Read More]

The U.S. certified pre-owned market followed its second-strongest month on record with modest year-over-year gains in April, according to Autodata Corp. And reports from automakers in Canada are showing positivity, as well.  Porsche, for example, had its best April ever for CPO sales in Canada, moving 179 vehicles. That’s up from 155 last April, which […] [Read More]

Koch Automotive Group recently announced that it has developed a new e-commerce website that it will roll out across each of its dealerships, starting with Edmonton's Koch Ford Lincoln and DK Ford. The new platform for buying cars will allow consumers to browse inventory, speak with live operators and reserve a purchase — all online. “The […] [Read More]

The previously announced spin-off of Cars.com from TEGNA — which will ultimately results in two publicly traded companies — has been greenlit by the board of directors at TEGNA. TEGNA, which is already publicly traded, said in a news release Wednesday that Cars.com will be spun off through a pro rate distribution of its outstanding […] [Read More]

On Wednesday, FactorTrust released its newest Underbanked Index, highlighting quarterly insights of the earning, spending and living habits of underbanked consumers — what the firm contends is a $105 billion untapped market. The index highlighted the demographic characteristics, credentials and capacities of the underbanked, like the trend of median loan values among this segment increasing […] [Read More]

Certified pre-owned vehicle sales were up modestly in April, as the first third of the year wrapped up slightly ahead of the 2016 pace. According to Autodata Corp., there were 234,493 CPO sales last month, beating year-ago figures by 0.7 percent. That pushes the year-to-date sum to 881,881 sales, a 0.3-percent increase. This follows a particularly […] [Read More]

Manheim Dallas-Fort Worth recently announced that due to continued growth in specialty sales, it has invested in a 3,000-square-foot specialty building in order to meet growing dealer demand. The new facility is located across the street from the auctions wholesale vehicle operation and will have its own staff that will serve dealers in two sales lanes, according […] [Read More]